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EVERMORE CID2015 ANNUAL REPORT

Vision | Progress | Growth | Proximity

The Evermore CID is pleased to present to you, the 2015 Annual Report. In April of this year, property owners came together to reaffirm the existence of the CID, and reelect the Board of Directors. With that vote, we are assured by the commitment of the property owners, to the continuation of projects that are currently underway and in future planning.

In the last 12 years we have generated over $19,000,000 in funding which has been leveraged to result in current and future projects with an estimated value above $119,000,000. We continue to work to identify external funding from Federal, State and local sources, as well as, other available funding opportunities. We thank all of those who have shared in our belief that Highway 78 and the surrounding area remains a vibrant and attractive place to live, work, shop, play and invest.

2015 was the year for Vision, Progress, Growth and Proximity for the Evermore Community Improvement District. We continued to achieve a solid vision for the future of the CID, with the advancement of transportation projects and the addition of new and improved business throughout the corridor.

We have seen progress in the continued success of our business community. New businesses have established themselves within our boundaries, and expansions and additions are taking place in many areas. New housing construction in 2015 will see over 250 new units added to the current real estate market. As the need for medical services rises, the corridor will see new offerings aimed at preserving the health and wellness of our community.

In many ways our growth can be attributed to the clean and safe environment of the corridor. Improvements in landscaping aid in attracting and retaining quality development to the area, and continued enhancements to our Gateway will take place in the fall of this year. Safe neighborhoods, clean streets, and a thriving business climate, have resulted in the addition of new membership to the CID.

Due to the proximity to major population areas, the CID has seen an increase in traffic from 42,000 to 75,000 vehicles per day traveling Highway 78. This increase is an indicator of the ability to move through the corridor, while at the same time, offering excellent retail opportunities for those traveling in and out of South Gwinnett County.

We invite you to see for yourself, and to be a part of the continued success of the Evermore Community Improvement District.

Sincerely,

Chris Garner, ChairmanEvermore Community Improvement District

5525 Bermuda Road • Stone Mountain GA 30087770-979-5800 • 770-979-0712

Chris Garner, ChairmanPost 3

Garner Building Supply

Stacy PattersonGwinnett County Appointee

Furniture Village

Callie AndrewsSnellville City Appointee

Eastside Hospital

Ron Harrison, Vice ChairmanPost 4 - Britt & Camp, LLC

Dwight HarrisonPost 5

Warren AuldPost 6 – Attorney at Law

Thomas CarrawayPost 1 – Brand Banking

Brad WilliamsPost 2 – Williams Family Properties

2015-16Evermore CID Board of Directors

Jim BrooksExecutive Director

[email protected]

Vision | Progress | Growth | Proximity

www.evermorecid.org

Vision Evermore started with a vison to create a better, safer Highway 78 in South Gwinnett. Now 11 years later, the CID continues to lead by championing enhancements and building a stronger community.

Owners extend life of the CIDOwners of commercial properties within the CID voted to extend Evermore’s life for another six years. State law requires members to reaffirm or dissolve a CID at these regularly scheduled intervals.

Board members continue serviceCommercial property owners voted to keep CID Chairman Chris Garner in his Post 3 position as well as Snellville attorney Warren Auld in Post 6. Garner and Auld will continue to serve by fulfilling their three-year terms.

Progress New projects are extending Evermore’s rich base of assets and expanding the community’s quality of life, offering new access and better alternatives.

Healthcare upgrades abound Eastside Hospital’s South Campus is revitalizing its Fountain Drive presence to offer a more modern facility. On the outside, the Grace Snell Fountain will be restored along with new landscaping and pergola in addition to other beautification enhancements. Inside, nursing stations and admissions areas will be upgraded to improve efficiency, safety and privacy all to provide better care.

Additionally, Physicians Immediate Medical is turning underutilized space at Killian Hill Road into a 20,000 square foot new medical facility.

Evermore North Boulevard reaches major milestones Phases of the new Evermore North Boulevard collector roadway are reaching important levels of completion, including the acquisition of right-of-way. These accomplishments include the following significant advancements:• WaltonCourtconstructionnearlyfinished Realignment of Walton Court’s intersection with Highway 78 is almost

complete, concluding years of planning undertaken by Evermore. • Hewatt-Parkwood-Britt plans approved The Federal Highway Administration has granted environmental

approval for this project phase, which means the Georgia Department of Transportation can authorize right-of-way funds.

Beautifying the CID Gateway The Georgia Department of Transportation provided Evermore with a GATEway Grant to complete substantial landscape improvements on Highway 78 near East Park Place Boulevard.

$2.5M Total Amount Spent Over 12 Years on

Landscaping and Maintenance

$35M Capital Improvement Program

Growth ProximityEvermore benefits from new investment and redevelopment of existing commercial properties. Savvy investors are making the most of the area’s available resources and strong economic standing.

Spacemax – This company sought CID membership while converting the former retail space along West Park Place Boulevard into a new climate-controlled storage facility.

QuikTrip – The popular fuel and convenience store converted the former Stone Mountain Toyota at Parker Court into one of its kitchen models.

WaffleHouse– Evermore is home to one of the iconic restaurant chain’s unique concept stores with a limited-service drive thru.

New residential construction boom Many newly built houses are opening for those seeking to call Evermore their home. Rocklyn Homes recently developed Highland Park, a townhome community of 56 units behind Summitt’s Tavern. Rocklyn has another townhome community, Paxton Landing, coming soon to Paxton Lane. A new Phase of Brookwood Estates at Evermore is underway along Highpoint Road.

Evermore is a prime location offering ease of access throughout the metro-Atlanta region. Data indicators confirm the area’s standing as both a destination and base of operation for commercial and community success.

About the Xpress BusesXpress is a regional public transportation service provided by the Georgia Regional Transportation Authority (GRTA) in collaboration with the Gwinnett County Transit and others. Xpress offers 33 routes in 12 metro Atlanta counties, and departures from Snellville make multiple stops while traveling to Atlanta. More info: www.xpressga.com

10 minutesTravel time I-285

144,000 Individuals boarding regional

express busses based in Evermore

25 minutes

Travel time to Hartsfield-Jackson Atlanta

International Airport

$72,000 Median Household Income

151,000Population Within the CID

250 Total Number of New Homes

Constructed in 2015

FinancialsCommercial Property owners within the Evermore corridor have committed to pay an annual additional tax of 5 mils, for the CID’s operations and a proportionate share of planned capital projects. Operations include; general administration, public safety, economic development, landscaping, and maintenance along the corridor to maintain an attractive, inviting appearance and safe environment. These revenues are also used to match funding from federal, state, and local agencies. Funding is primarily requested for planned projects in support of the long and short tem work program of the CID. Each year, approximately half of CID tax receipts are utilized for operations and the remaining assets are invested in capital projects within the CID’s five-year capital improvement program.

Receipts and expenditures for 2015 are preliminary estimates, subject to adjustment after year-end close-out and audit. The fund balance includes a 9 month operating reserve with the remaining balance allocated to fund a proportionate share of the five-year capital improvement program (CIP). The CIP is updated annually to bring the capital plan in balance with current project activities and planned project revisions.

Financial Comparisons (Governmental Funds)

Revenues 2015 Estimated 2014 Audit 2013 Audit Property Taxes 830,500 800,516 863,296 State and Federal Grants and Contributions 532,500 469,462 10,000 Interest 14,567 19,303 15,713 Miscellaneous Revenue 1,000 7,342 2,075 GEFA Loan Proceeds 801,000

TOTAL $2,179,567 $1,296,623 $891,084

Expenses 2015 Estimated 2014 Audit 2013 Audit Salaries and Benefits 207,029 196,670 189,916 Highway Maintenance 125,441 87,260 98,255 Public Safety 21,556 37,980 16,332 Economic Development 25,457 26,754 31,160 Capital Investments 2,028,325 365,206 169,076 Professional Services 58,090 37,138 53,363 General Office Administration 60,785 65,564 70,790

TOTAL $2,526,683 $816,572 $628,892

Net Inc./(Dec.) in Restricted Fund Balance (347,116) 480,051 262,192 Restricted Fund Balance (beginning of year) 3,551,599 3,071,548 2,809,356 Restricted Fund Balance (end of year) $3,204,483 $3,551,599 $3,071,548

$145,000,000 $150,000,000 $155,000,000 $160,000,000 $165,000,000 $170,000,000 $175,000,000 $180,000,000 $185,000,000

2010

2011

2012

2013

2014

2015

Assessed Value of CID Property 2010-‐2015

$640,000

$630,000

$627,500 $169,225

$1,200,000

CID CAPITAL PROGRAM INVESTMENT 2011-‐2015 2015 2014 2013 2012 2011

14,000,000 7,000,000

3,500,000

FUTURE PROJECT FUNDING

McDaniels Bridge to Yellow River Collector Road Yellow River Scenic Trail Corridor LighNng

www.evermorecid.org

5525 Bermuda RoadStone Mountain, GA 30087(770) 979-5800Fax (770) 979-0712 [email protected]

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